• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, June 6, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

NASME floats N2bn empowerment fund for MSMEs

MSMEs

The Matters Press by The Matters Press
October 14, 2023
Reading Time: 2 mins read
0
N125bn MSMEs intervention: IT critical to ensuring transparency – ITSSP

Abuja, Oct. 14, 2023: The Nigerian Association of Small and Medium Enterprises (NASME) says it is committing a N2billion empowerment fund to revolutionise the Micro, Small and Medium Enterprises (MSMEs) sector.

RELATED POSTS

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

FCT ground rent!: Check your name if you own property

The National President of the association, Dr Abdulrashid Yerima, said this in a media briefing on Friday in Abuja heralding the 2023 West Africa SME Exhibition scheduled for Oct. 26 to Oct. 28.

Yerima said that the ‘MSME 4.0 Program and Empowerment Funds’ were designed to help MSMEs leverage the opportunities and benefits of the Fourth Industrial Revolution (4IR) and the African Continental Free Trade Area (AfCFTA).

According to him, adopting digital technologies and solutions can improve the performance of SMEs, market position and adaptability in the changing world.

“Under the theme MSME 4.0: Enhancing Productivity, Competitiveness, Resilience, and Sustainability in an Era of Digital Transformation, this program is poised to bring about significant positive change for MSMEs and the nation as a whole.

“In recognition of the evolving digital landscape and the need for our MSMEs to thrive in this digital age, NASME in collaboration with a coalition of partners is proud to unveil the MSME 4.0 Program and Empowerment Fund.

“NASME is committing one billion Naira towards a Youth Empowerment Fund and another one billion Naira towards a Women Empowerment Fund.

“These funds are designed to foster entrepreneurship and generate one million employment opportunities, significantly contributing to our national economic growth,’’ he said.

While projecting that the exhibition would harness the potential of the AfCFTA, Yerima said that it would promote trade, foster economic development, and create opportunities for businesses across West Africa.

He added, “Our shared objectives for this event include job creation, income generation, poverty reduction, increased GDP, improved competitiveness of MSMEs, enhanced trade within the sub-region and the structural transformation of West Africa’s economy.

According to him, the launch of the programme and empowerment fund will take place at the exhibition.

Yerima said that the programme would offer training, mentoring, networking, access to markets and finance and other support services to the participating MSMEs.

Earlier, the Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, represented by the Chief Industrial Officer in the ministry, Mr Esther Ajibola, reiterated its commitment to support the growth of MSMEs in the country.

Similarly, Dr Olawale Fasanya, the Director-General of Small and Medium Enterprises Development Agency (SMEDAN), represented by Mr Monday Ewans, Director of Enterprises Development in SMEDAN, Fasanya, emphasised the need to embrace digital technologies and solutions that can improve businesses.

“The agency is also committed to continue to support the MSMEs to overcome the challenges they face.

“We are aware that MSME are confronted with the issues of lack of finance, poor infrastructure, inappropriate legislation, competitiveness, lack of managerial skills among others.

“SMEDAN is committed to help MSMEs tackle the challenges, reduce poverty and create jobs,’’ Fasanya said.

Tags: MSMEs
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

World Bank predicts 4% global economic growth, 1.1% for Nigeria in 2021
Economy/Technology

Nigeria’s 3MTT gets boost as EU, World Bank back initiative

June 6, 2025
Energy

PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF

June 4, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

FCT ground rent!: Check your name if you own property

June 3, 2025
News

Cracking the Code with Africa’s Creators: Woof Studios Makes History at Cannes Lions 2025 CANNES,

June 3, 2025
Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

IMPI urges media to consider national interest in reporting security challenges

June 3, 2025
Tinubu steering Nigeria away from Venezuela-like tragedy – IMPI
News

Malami’s opposition to Tinubu’s endorsement self-indicting – TDF

June 3, 2025
Next Post
Flour millers to establish wheat procurement centres in 15 states

Nigeria plans 50% subsidy for wheat farmers

$13bn proposed Trans-Sahara Gas Pipeline project taking shape

Contractor vows to surmount challenges on AKK gas project

Recommended Stories

We have nothing to hide – NNPC

Roadmap for new NNPC hinges on PIA – Okadigbo

July 6, 2022
BPP partners with World Bank on public procurement standard

BPP partners with World Bank on public procurement standard

April 25, 2022
UNECA urges media to pressure govts on policies

ECA tasks Africa leaders on industrialisation, energy transition

September 24, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria’s 3MTT gets boost as EU, World Bank back initiative
  • PDP incubated insecurity in Nigeria, but Tinubu on top of the situation – TDF
  • FCT ground rent!: Check your name if you own property

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us